Bernardo Wealth Planning LLC Reduces Holdings in Vanguard Mega Cap Growth ETF (NYSEARCA:MGK)

Bernardo Wealth Planning LLC cut its position in Vanguard Mega Cap Growth ETF (NYSEARCA:MGK) by 2.0% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 119,000 shares of the company’s stock after selling 2,435 shares during the quarter. Vanguard Mega Cap Growth ETF makes up approximately 9.7% of Bernardo Wealth Planning LLC’s investment portfolio, making the stock its 2nd largest holding. Bernardo Wealth Planning LLC’s holdings in Vanguard Mega Cap Growth ETF were worth $40,491,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of MGK. Peterson Financial Group Inc. acquired a new position in shares of Vanguard Mega Cap Growth ETF during the third quarter worth $33,000. Copley Financial Group Inc. acquired a new position in Vanguard Mega Cap Growth ETF during the 3rd quarter valued at about $33,000. Bfsg LLC raised its stake in Vanguard Mega Cap Growth ETF by 386.7% in the third quarter. Bfsg LLC now owns 146 shares of the company’s stock valued at $47,000 after buying an additional 116 shares during the last quarter. Massmutual Trust Co. FSB ADV acquired a new stake in Vanguard Mega Cap Growth ETF in the third quarter worth about $48,000. Finally, Valley National Advisers Inc. purchased a new stake in shares of Vanguard Mega Cap Growth ETF during the third quarter worth about $55,000.

Vanguard Mega Cap Growth ETF Stock Up 1.4 %

Shares of Vanguard Mega Cap Growth ETF stock opened at $346.91 on Friday. The company has a 50 day moving average price of $345.05 and a 200 day moving average price of $326.31. The firm has a market capitalization of $22.96 billion, a P/E ratio of 42.92 and a beta of 1.28. Vanguard Mega Cap Growth ETF has a 52 week low of $261.32 and a 52 week high of $358.61.

About Vanguard Mega Cap Growth ETF

The Vanguard Mega Cap Growth ETF (MGK) is an exchange-traded fund that is based on the CRSP US Mega Growth index. The fund tracks the CRSP US Mega Cap Growth Index. The index selects stocks from the top 70% of investable market capitalization based on growth factors. MGK was launched on Dec 17, 2007 and is managed by Vanguard.